Milestone Scientific Inc. has announced the entry into an Amended and Restated Memorandum of Understanding with Innovest S.p.A., representing BP4 S.r.l., which owns 11.31% of Milestone Scientific’s outstanding common stock. Under the agreement, BP4 has committed to a twelve-month lock-up period during which it will not sell or transfer its shares, subject to certain exceptions. The agreement allows for the gradual release of shares if Milestone Scientific’s stock price reaches and maintains specific thresholds for 10 consecutive trading days: up to 33.33% of shares if the stock closes above $0.50, up to 66.66% above $0.70, and up to 100% above $0.90. The terms were approved by BP4’s shareholders.

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